|Showing off the detailed plans for a development on the old waterslide property are, from left, Bill Vant Geloof, Tony Vant Geloof, Len Fox, Diane Fox and Philip Fox.|
In a court ordered sale in October, Star-Line Enterprises purchased the 6.5 acres from the previous owners plus an additional parcel of land owned by a different group, which was the former site of a Shell station.
Star-Line, owned by Tony and Joan Vant Geloof of Penticton, has a lengthy history in the Okanagan and successful projects have included more than 500 condominiums in Penticton including the five Cherry Lane Towers and the current Athens Creek project.
"We're looking at 100 jobs once the project gets going and we want to hire as many local subcontractors as we can and use local suppliers," said Tony Vant Geloof. "It should be a $65-million project by the time it's finished."
Len Fox, owner of Re/Max Penticton Realty, who runs the company with his children Philip and Diane, is the marketing team for the project. According to Len Fox, it's a 10-year endeavour and it will be built in stages with the first being a 9,000 square foot corner plaza at the intersection of Yorkton Ave. and Skaha Lake Road.
Proposed tenants would include a coffee shop, deli, bakery and convenience store as there's very little retail in that part of the city.
The next phase will be 40 affordable, three bedroom townhouses adjacent to Wilson Street on a two-acre site. It's hoped that construction will begin in the fall of 2014. Zoning is already in place for that phase of the project.
A parkade is in the works for the third phase of the project.
The anchor will be 300 condominiums, constructed over a 10-year period. All units will be steel and concrete and the building will be up to eight storeys. Each will have a balcony with access to heated parking and storage lockers and will be covered with 10-year warranties.
A commercial component is also proposed for the front of Skaha Lake Road with medical offices, professional spaces and restaurants.
The working title of the ambitious project is Skaha Sunrise or Skaha Sunset although Vant Geloof said that's likely to change.
The vision also includes use of a large common amenity space to be built in an atrium style at the centre of the complex.
"It's our goal to create a community within a community much the way the Cherry Lane and Athens Creek projects have," said Len Fox.
Although later stages of the project still require approval, Philip Fox said he's extremely optimistic it will be a success.
"We're proud to be associated with Star-Line Enterprises because of their outstanding track record. When they start a project, they finish that project," he said.